Using a Revenue DCF model with operating margin convergence from -87.2% to a target of 24.0% over 5 years, discounted at a WACC of 7.3%, Fold Holdings Inc (FLD) has an intrinsic value of $5.92 per share (range: $1.39 – $18.77).
Using a Revenue DCF model with operating margin convergence from -87.2% to a target of 24.0% over 5 years, discounted at a WACC of 7.3%, Fold Holdings Inc (FLD) has an intrinsic value of $4.55 per share (range: $0.70 – $15.41).
Using the industry peer median EV/Revenue multiple (trailing + forward), Fold Holdings Inc (FLD) has a fair value of $3.48 based on 6 comparable companies in the Asset Management - Cryptocurrency industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Fold Holdings IncFLD | 62 | 1.7x | 26.7x |
| Innventure, Inc. | 385 | 174.2x | — |
| BRC Group Holdings, Inc. | 273 | 1.5x | — |
| First Internet Bancorp | 198 | 1.7x | 5.4x |
| ArrowMark Financial Corp. | 152 | 10.0x | 11.0x |
| Monroe Capital Corporation | 110 | 14.1x | 4.8x |
| BTCS Inc. | 96 | 6.4x | 62.3x |
| Industry Median | 8.2x | 8.2x | |
| (*) Revenue | 32 | 2 | |
| = Enterprise Value | 262 | 17 | |
| (-) Net Debt | -8 | -8 | |
| Equity Value | 269 | 24 | |
| (/) Outstanding shares | 42 | 42 | |
| Fair Price | $6 | $1 | |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.